Bharat Electronics signs MoU with Bharat Forge

A navratna firm Bharat Electronics (BEL) and Bharat Forge has entered into a memorandum of Understanding (MoU) for strategic co-operation in the field of defence and aerospace products / systems to jointly capitalise on the emerging opportunities in the domestic market, leveraging the policy initiatives of the Indian Government such as Make in India, BEL informed the bourses on Tuesday. 

The MoU will also enable BEL and Bharat Forge to make joint efforts to seize the opportunities available in the global markets for export of Defence products / systems produced by the individual companies or jointly developed and produced by the two companies, leveraging on the Export Promotion Policy of the Ministry of Defence, Government of India.

Earlier, at Aero India 2019 which was held in Bengaluru Bharat Electronics and Hughes India entered into a teaming agreement for design, development, supply, installation, integration and commissioning of Satellite Communication solutions for helicopters under the Ministry of Defence, Government of India. This agreement will enable MoD’s strategic users to get access to helicopter-based Satellite Communication links for real-time and assured communications using ISRO's Ku band satellites. Hughes is the world’s largest provider of broadband satellite networks and services.

BEL had also received export orders worth US$33 million from Elbit Systems ElectroOptics Limited (ELOP) for the manufacture and supply of state-of-the-art next generation EOIR payloads and another variant of EOIR payload for Airborne applications.